S&P broke down last week's low at 1074

sequoia

while NDX still above its short-term uptrend support at 1739.  There are still a lot of room for decline today and this week, and SPX to end the week below 1057 is highly likely.

sequoia

NDX is trying to hold its uptrend support at 1739, but the resistance should be futile.  SPX broke down 1066.66 support slightly, and NDX should at least break down 1739 today.  There might be another sharp fall before market close to break down all support.  VIX finally broke up short-term down channel today and turn around, its rebound may last for weeks because its weekly MACD has crossed up for 2 months.

nctree